Community Research and Development Information Service - CORDIS

FP5

Corporate Venturing in Europe

Funded under: FP5-INNOVATION-SME

Abstract

For the purpose of this study, corporate venture capital (CVC) is defined as a larger company taking a direct minority stake in a smaller, unquoted company for strategic, financial or social responsibility reasons. CVC is not limited to investment in technology based firms, but it does exclude indirect investments via independent private equity funds. It is important to note that CVC is only one of a number of types of relationship between large and small firms which include alliances, joint ventures and licensing arrangements.

The study included desk research, personal interviews with known corporate ventures as well as interviews in the USA and a postal questionnaire survey of 2000 of the largest companies in Europe. Responses were obtained from 369 companies of which 84 or 23 percent were engaged in CVC. .

Additional information

Authors: No Authors provided, EC-Directorate General for Enterprise
Bibliographic Reference: EUR 17029 EN (2001), pp.66. Euro:16
Availability: Available by EUR-OP Sales Agents http://www.eur-op.eu
ISBN: ISBN: 92-894-0630-5
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